When the government tries to "fix" the economy, we lose. Politicians' cronies often win. In this week's syndicated column, I take a look at crony capitalism (crapitalism) and "The Great Deformation"--which is what former Reagan budget director, David Stockman, calls what the Fed and the Treasury has done to our economy.

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As you probably know, Greece is broke because of generous social programs and overpaid government workers... continue reading »

This month's job data show that job growth continues to be unusually sluggish. In my syndicated column this week, I say that should come as no surprise, thanks to the President's policies:

President Obama would do us all a big favor if he'd ask himself this: "Would I start or expand a business without knowing what regulations or taxes government will impose next year?" ... continue reading »

In his speech yesterday, Obama brought up income inequality to justify higher taxes on the rich.

In the last decade, the average income of the bottom 90% of all working Americans actually declined. The top 1% saw their income rise by an average of more than a quarter of a million dollars each. And that’s who needs to pay less taxes? ... continue reading »

On my FBN show this week, we cover entrepreneurs, like the ones who created Intel, Genentech, Apple, Cisco, Microsoft. They created vast wealth and, of course, cool things. Is it coincidence that all that creation happened in San Francisco and Seattle, the two metropolitan areas farthest from Washington DC? I doubt it. Sadly, those company now spend millions on lobbying—millions that would be better spent on inventing.

We’d be better off if we just had fewer rules... continue reading »

Today’s Wall Street Journal says that the $38 BILLION in cuts that were agreed upon last week to keep the government from shutting down were actually more like $20 BILLION …once you account for some accounting scams.

That’s nearly 50% in accounting scams.

Nowhere in the private sector would we accept that kind of chicanery... continue reading »

The economic illiteracy of my colleagues continues to baffle me. Or maybe it’s just intellectual laziness.

This weekend, the Washington Post ran this headline:

"BIGGEST CUTS IN U.S. HISTORY."

The Los Angeles Times agreed, saying the politicians were:

"SLASHING GOVERNMENT."

President Obama also called it: “The largest annual spending cut in our history.”... continue reading »

Liberal pundits called Republicans the “party of no” for their opposition to Obamacare, Cap and Trade, etc.  I think it's good to say “no” to bad ideas.   Congressman Ron Paul has been right to make a career of that.  I wish Republicans supported him years ago. Now that Obama’s fiscal commission has come up with some reasonably good ideas, Ross Douthat points out that the Dems have become the “Party of No," even to the point of defending corporate welfare:

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A draft from the Congressional Deficit Commission that Obama appointed came out today, and it actually has a lot to like. For instance:

-- Raising the retirement age to 68 would be implemented by 2050 and then would increase again to 69 by 2075…

-- reducing the base rate on corporate taxes…

-- reducing foreign aid by $4.6 billion…... continue reading »

On tonight’s FBN show, I gave Karl Rove a hard time about his defending his former boss’ record as a fiscal conservative... continue reading »